DOGEUSDT Analysis

9 июл. 2020 г.

DOGE was in a steady decrease in value since its inception last year but enjoyed a short increase in value at the start of 2020. This past Feb. 10th to March 13th, DOGE dropped by 50% in value and reached its lowest point (0.0014). Since then, it has tripled in value and is currently at the highest point it has ever been thus far (0.0047). DOGE just reached the 1st Resistance Line (0.0047) today, so what happens to the direction of the candles over the next few days will determine if it will continue to climb up the next Resistance Line (0.0056) or if it will take another nose dive to the Support Line (0.0025). If you have DOGE right now, I advise to just hold and watch closely where the candles are going. If a candle fully goes above the Resistance Line (0.0047), I recommend buying at the next candle. Lastly, if the candles go below the Uptrend Line, I suggest that you sell at the next candle and only buy at the Support Line (0.0025).